 Asset Class: | Office |
 Price: | $ 925000 |
 Net Yield: | 6.18 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<span style="color:rgb(51, 51, 51);">Presenting an outstanding investment oppurtunity with </span>federal government agency, <span style="color:rgb(51, 63, 72);">National Indigenous Australian Agency as the tenant. </span><br><br><span style="color:rgb(51, 51, 51);">This property is secured with a new 7-year net lease with further 2 x 5-year options extending the lease to 2039. </span><br><span style="color:rgb(51, 51, 51);"> </span><br><span style="color:rgb(0, 0, 0);">This property represents an exceptional buying opportunity. </span><span style="color:rgb(51, 51, 51);">Don't miss the chance to capitalise on this fantastic opportunity to purchase a tenanted investment in a developing area surrounded by myriads of national tenants.</span>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">The subject property is located on on the western side of Browns Lane, within the heart of the Port Augusta CBD.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">It is strategically positioned directly opposite a full line Coles Supermarket and amongst 150+ car parks.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Port Augusta is a central government hub for the region, with Services Australia, Service SA, Australian Electoral Commission, Department of Correctional Services, Department for Child Protection Services, Port Augusta Youth Centre and Legal Aid offices all located with 500 metres* of the subject federal government tenanted property.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">The property is also within 250m* of key social infrastructure including Port Augusta Court, Ambulance, Port Augusta Police Station, SA Country Fire Services region 4 HQ and University of Adelaide.</span></p></li></ul>
Additional Location Information FileNIAA: National Indigenous Australians Agency<br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.niaa.gov.au/"><u>Home page | NIAA</u></a><span></span>
Initial Term:
Security:
Security Info:
Please refer the attached.
Additional Financial Information FileInitial Term:
Security:
Security Info:
During the Due Diligence Process
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Long Seven (7) year lease to 2029 plus options to 2039.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">NIAA: federal government agency providing critical support to First Nations communities.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Port Augusta's indigenous population is 8.5x higher than the SA average and 6.5x higher than the national average. (1)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Investor preferred net lease terms with tenant paying all usual outgoings as per lease.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Strong and certain income growth with fixed 3% annual rent increases.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Well-presented 270sqm* government office with recent upgrade.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Prime 305sqm* freehold site directly opposite full line Coles supermarket.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Stamp duty free investment.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Port Augusta: key regional hub with $1.4 billion economic output. (2)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Net Income: $57,189pa* + GST (as of Nov 2024)</span></p></li><li style="list-style-image:none;color:rgb(51, 63, 72);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Surrounded by myriads of national tenants </span></p></li><li style="list-style-image:none;color:rgba(0, 0, 0, 1);"><p style="display:inline;"><span style="color:rgb(51, 63, 72);font-weight:normal;font-style:normal;">Tenant completed an upgrade to cost of circa $150,000 about 12 months ago shows thier commitement to the location </span></p></li></ul>
